Noble Financial Estimates Kelly Services FY2025 Earnings

Kelly Services, Inc. (NASDAQ:KELYA) – Equities research analysts at Noble Financial decreased their FY2025 earnings per share estimates for Kelly Services in a research report issued to clients and investors on Monday, August 11th. Noble Financial analyst J. Gomes now expects that the business services provider will post earnings of $2.20 per share for the year, down from their prior estimate of $2.24. The consensus estimate for Kelly Services’ current full-year earnings is $2.45 per share.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%.

Several other research firms have also issued reports on KELYA. Wall Street Zen lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Tuesday, May 20th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Kelly Services in a report on Tuesday, May 20th.

Kelly Services Stock Performance

Shares of KELYA stock opened at $14.33 on Tuesday. The firm has a market cap of $499.97 million, a price-to-earnings ratio of -71.65, a PEG ratio of 0.51 and a beta of 0.99. The company’s 50 day moving average is $12.34 and its 200 day moving average is $12.55. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Kelly Services has a 52-week low of $10.80 and a 52-week high of $22.44.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a $0.075 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.1%. Kelly Services’s dividend payout ratio is -150.00%.

Institutional Trading of Kelly Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in shares of Kelly Services by 5,012.7% during the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider’s stock worth $37,000 after purchasing an additional 2,757 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Kelly Services during the fourth quarter worth about $5,343,000. Cetera Investment Advisers purchased a new stake in shares of Kelly Services during the fourth quarter worth about $158,000. GAMMA Investing LLC increased its stake in shares of Kelly Services by 923.2% during the first quarter. GAMMA Investing LLC now owns 95,469 shares of the business services provider’s stock worth $1,257,000 after purchasing an additional 86,139 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Kelly Services by 114.3% in the 1st quarter. Victory Capital Management Inc. now owns 69,891 shares of the business services provider’s stock valued at $920,000 after acquiring an additional 37,280 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.